If consumers spend their money only on beef and vegetables, then the substitution effect of an increase in the price of beef would result in consuming ________ beef and ________ vegetables

In a year, if foreigners invest ________ in the United States than the United States invests abroad, the capital and financial account balance is ________

A) less; positive B) more; zero C) less; zero D) more; positive E) more than; negative

The GDP price index: a. measures the average price of final goods and services produced in an economy

b. measures the quality of goods produced in an economy. c. is derived using the prices of only imported and exported goods and services. d. is derived using the implicit prices of goods and services produced by the government. e. measures the value of all intermediate goods and services sold in an economy.